Walgreens investors push for earlier takeover of Boots

Emma Woollacott
closeup hand of woman...
closeup hand of woman...

US drugstore chain Walgreens is believed to be bringing forward its takeover of Boots in an effort to cut its tax bill.

Boots was founded by John Boot in Nottingham in 1849, but last year signed a takeover deal with Walgreens, the US' largest retail pharmacist. Under this deal, Walgreens took a 45 percent stake in Alliance Boots with the option of buying the rest of the company in February next year.